Qlik Technologies Falls On Analyst Note (QLIK, OPEN, BNY, STI, GRPN)
Qlik Technologies Inc (NASDAQ:QLIK) shares fell 3.53% to $21.34 in the early hour after the company was downgraded by research analysts at Jefferies Group from a “buy” rating to a “hold” rating in a report released today. The company last announced its earnings results on Thursday, April 26th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. The company’s quarterly revenue was up 25.7% y-oy. Analysts predict that the company will post $0.08 earnings per share next quarter.
OpenTable Inc (NASDAQ:OPEN) stock plunged 9.02% to $40.95 in the early hour after the company was downgraded by equities researchers at Barclays Capital from an “overweight” rating to an “equal weight” rating in a report issued today. The company announced its earnings results on Tuesday, May 1, 2012. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.06. The company’s revenue was up 16.9% compared to the same quarter last year. Analysts on an average predict that the company will post $0.37 earnings per share next quarter.
Blackrock New York Municipal Income Trst (NYSE:BNY) stock increased 0.18% to $16.56 in the morning hour. The 52 week trading range for the company is $13.79 – $16.59. The shares of the company gained 15% in the last one year. BlackRock New York Municipal Income Trust (the Trust) is a non-diversified, closed-end management company. The Trust’s investment objective is to provide current income exempt from regular federal income tax and New York State and New York City personal income taxes.
SunTrust Banks, Inc. (NYSE:STI) shares climbed 1.07% to $24.49 in the early hour after the company announced that the company and David Stevens have mutually agreed that Mr. Stevens will not join SunTrust Mortgage as previously announced and will remain in his post as head of the Mortgage Bankers Association. Mr. Stevens was to have joined the Company on July 16, reporting to SunTrust Mortgage President and CEO Jerome Lienhard.
Groupon Inc (NASDAQ:GRPN) shares declined 7.71% to $9.81 in the early hour after Susquehanna cut its price target on Neutral-rated Groupon from $15 down to $12. The target is 12.9% premium to last Friday’s closing price of $10.63.